Tools commonly used in the Helium (Wholesale) industry for day-to-day tasks and operations.

• Helium gas cylinders
• Regulators and flow meters
• Helium leak detectors
• Vacuum pumps
• Cryogenic gloves and aprons
• Helium compressors
• Gas chromatographs
• Mass spectrometers
• Helium purifiers
• Helium recovery systems

Common products and services typical of NAICS Code 424690-45, illustrating the main business activities and contributions to the market.

• Balloon and party supply stores
• Welding supply companies
• Healthcare equipment suppliers
• Aerospace and defense contractors
• Electronics manufacturers
• Scientific research institutions
• Oil and gas exploration companies
• Beverage and food packaging companies
• Glass and metal fabrication companies
• Amusement park and entertainment companies

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Hazardous Materials Endorsement (HME): A certification required by the Transportation Security Administration (TSA) for drivers who transport hazardous materials. The certification ensures that the driver has passed a background check and is aware of the risks and regulations associated with transporting hazardous materials.
• Compressed Gas Association (CGA) Certification: A certification provided by the CGA that ensures that the company handling compressed gases is following the proper safety protocols and regulations. The certification covers areas such as cylinder handling, storage, and transportation.
• Helium Leak Detection Certification: A certification provided by the American Society for Nondestructive Testing (ASNT) that ensures that the technician performing helium leak detection is properly trained and qualified. The certification covers areas such as equipment operation, safety, and interpretation of results.
• Occupational Safety and Health Administration (OSHA) Certification: A certification provided by OSHA that ensures that the company is following the proper safety protocols and regulations. The certification covers areas such as hazard communication, respiratory protection, and emergency response.
• International Organization for Standardization (ISO) Certification: A certification provided by the ISO that ensures that the company is following the proper quality management protocols and regulations. The certification covers areas such as customer satisfaction, continuous improvement, and risk management.

A concise historical narrative of NAICS Code 424690-45 covering global milestones and recent developments within the United States.

• The Helium (Wholesale) industry has a long and interesting history. Helium was first discovered in 1868 by French astronomer Jules Janssen, who noticed a yellow spectral line while observing a solar eclipse. In 1903, American scientists discovered that helium could be extracted from natural gas. The United States became the world's largest producer of helium in the 1920s, and the gas was used for airships, blimps, and other military applications. During World War II, the US government built a massive helium extraction plant in Texas to supply the military. In the postwar period, helium was used for a variety of industrial and scientific applications, including welding, cooling, and MRI machines. Today, the Helium (Wholesale) industry is a vital part of the global economy, with the United States, Russia, and Algeria being the largest producers of helium. In recent history, the Helium (Wholesale) industry in the United States has faced several challenges. In 1996, Congress passed the Helium Privatization Act, which mandated the sale of the government's helium reserves by 2015. This led to a glut of helium on the market and a drop in prices. In 2013, Congress passed the Helium Stewardship Act, which extended the government's control of the helium market and prevented a sudden price drop. The industry has also faced supply chain disruptions due to the COVID-19 pandemic, which has led to a shortage of helium in some parts of the world. Despite these challenges, the Helium (Wholesale) industry remains an important part of the US economy, with a wide range of industrial and scientific applications.

The anticipated future trajectory of the NAICS 424690-45 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Helium (Wholesale) industry in the USA is positive. The demand for helium is expected to increase in the coming years due to its use in various industries such as healthcare, electronics, and aerospace. The healthcare industry uses helium in MRI machines, while the electronics industry uses it in semiconductors and LCD screens. The aerospace industry uses helium in rocket fuel and as a coolant in nuclear reactors. The increasing demand for helium is expected to drive the growth of the industry in the future. However, the industry may face challenges due to the limited availability of helium reserves and the high cost of extraction.

Recent groundbreaking advancements and milestones in the Helium (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Helium Extraction from Natural Gas: A new technology has been developed that allows for the extraction of helium from natural gas. This technology has made it possible to extract helium from natural gas reserves that were previously considered uneconomical.
• Helium Recycling: A new process has been developed that allows for the recycling of helium. This process has the potential to reduce the demand for new helium and increase the availability of the gas.
• Helium Liquefaction: A new technology has been developed that allows for the liquefaction of helium. This technology has made it possible to transport helium more efficiently and has reduced the cost of transportation.
• Helium Storage: A new type of storage tank has been developed that allows for the safe and efficient storage of helium. This technology has made it possible to store large quantities of helium for long periods of time.
• Helium Purification: A new process has been developed that allows for the purification of helium. This process has the potential to increase the purity of helium and make it suitable for use in a wider range of applications.